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Indo-MIM IPO
Price Band
₹461.0–485.0
Issue Size
₹3811.21 Cr
Lot Size
30 shares
Min Investment
₹14,550
GMP
+₹187.0 (38.56%)
Issue Price
₹485.0
Subject to Sauda
₹4300
Paid only if allotted
Indo-MIM IPO AI Summary
- Indo-MIM IPO is listed on BSE, NSE in the Industrial Products sector.
- Price band: ₹461.0–₹485.0 per share, lot size 30 shares (min. investment ₹14,550).
- Subscription window: 23 Jul–27 Jul 2026, listing on 30 Jul 2026.
- Current GMP is +₹187.0 (38.56%), an estimated listing price of ₹672 — unofficial and can change daily.
Indo-MIM is set to leverage its advanced manufacturing capabilities and global presence to cater to a diverse range of industries. With a strong financial track record and significant demand indicated by the subscription rates, the IPO presents an opportunity for investors looking to engage with a leading player in precision engineering.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Indo-MIM IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Jul 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
72.37x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
204.47x
|
204x 🔥 |
| NII (HNI) |
50.65x
|
51x ✓ |
| ↳ bNII (>₹10L) |
57.69x
|
58x ✓ |
| ↳ sNII (<₹10L) |
36.55x
|
37x ✓ |
| Retail (RII) |
6.69x
|
6.69x |
| Employee |
9.44x
|
9.44x |
| Total | 72.37x | 72.37x |
Auto-updated every 5 min · As of 27th Jul 2026 18:56
Indo-MIM IPO Grey Market Premium (GMP) Today
GMP
+₹187.0
GMP %
+38.56%
Est. Listing
₹672.0
Updated: 30 Jul 2026 08:15
GMP Trend (Last 11 Days)
About the Company
Incorporated in 1996, Indo-MIM is a global leader in manufacturing precision engineering components using metal injection molding (MIM) technology. The company offers end-to-end solutions including mold design, tooling, finishing, and assembly. Along with MIM, the company also use advanced technologies such as investment casting, precision machining, ceramic injection molding, and 3D metal printing to serve diverse industries. In FY 2025, it has manufactured over 6,400 products, catering to automotive, defence, medica, consumer, and aerospace industries. Product Portfolio: Automotive: safety, fuel systems, powertrain, and interiors Defence: firearm components like triggers, hammers, and sights Medical: parts for surgical devices in endoscopy, laparoscopy, dental robotics, and orthopedics Consumer: fashion accessories, crossbows, cellphone parts, tools, and hardware Aerospace: manifolds, housings, nozzles, locking rings, clevises, and brackets for OEMs The company has global sales capabilities with a dedicated sales team that provides customer support. As of March 31, 2025, it has three sales offices in China, Germany and the United States, with 12 sales representatives in Czech Republic, France, Italy, Japan, South Korea, Israel, Poland and Turkey. In Fiscal 2025, it has served more than 1000 customers Manufacturing: The company operates 15 manufacturing facilities across India, the US, the UK, and Mexico, and hold the world’s largest installed MIM capacity (Source: F&S Report). Its global presence includes sales offices in China, Germany, and the US, and sales representatives across Europe and Asia. Competitive Strengths Global leadership in manufacturing precision engineering components using MIM technology Long-standing relationships with Indian and global OEM customers Diversified product portfolio catering to applications across multiple industries Backward integrated, dual-shore manufacturing capabilities with focus on efficiency Export driven player with extensive global distribution capability Experienced promoters and management team Track record of robust financial performance
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 4,897.33 | 4,140.84 | 3,757.51 |
| Total Income | 4,320.70 | 3,373.97 | 2,900.38 |
| Profit After Tax | 533.54 | 423.73 | 283.73 |
| EBITDA | 1,070.92 | 932.60 | 743.46 |
| NET Worth | 2,819.55 | 2,199.43 | 2,050.51 |
| Reserves and Surplus | 2,573.46 | 2,030.81 | 1,889.04 |
| Total Borrowing | 1,090.49 | 1,247.20 | 1,085.01 |
Key Ratios
EPS
₹11.02
NAV
₹45.63
ROE
19.94%
ROCE
23.51%
RoNW
19.94%
P/B Value
10.63
P/E Ratio
44.01
Market Cap
₹23981.42 Cr
PAT Margin
12.73%
Debt/Equity
0.57
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| iangsu Gian Technology Co, Ltd | 165.13 | 3.1% | 148 | 3.91 | 3.77 |
| Indo-MIM Ltd. This IPO | 58.24 | 21.26% | — | 11.06 | 10.87 |
Promoters
Green Meadows Investments Ltd., Krishna Chivukula Krishna Chivukula Jr, Raj Chivukula, Jagadamba CHandrasekhar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by Company 400.00 2 General Corporate Purposes Total 400.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹2,900.38 Cr in the period ending 31 Mar 2024, rising to ₹3,373.97 Cr by 31 Mar 2025, and further increasing to ₹4,320.70 Cr by 31 Mar 2026.
Profit Trend
Profit after tax was ₹283.73 Cr in the period ending 31 Mar 2024, increasing to ₹423.73 Cr by 31 Mar 2025, and further rising to ₹533.54 Cr by 31 Mar 2026.
Valuation
Indo-MIM's implied P/E at the issue price of ₹485 is approximately 44.01, compared to peers trading at a P/E of 148.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists. A higher GMP suggests strong demand and potential for gains on listing day, while a lower GMP may indicate weaker interest.
Subscription Demand
As of 27th July 2026, the IPO was subscribed 72.37 times overall. The QIB category saw a subscription of 204.47 times, while the NII category was subscribed 50.65 times. Retail investors subscribed 6.69 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid IPOs that involve higher uncertainty and market volatility.
IPO Timeline, Explained
The IPO opens on 23rd July 2026 and closes on 27th July 2026. Allotment of shares will take place on 28th July 2026, with the listing expected on 30th July 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While a strong GMP may suggest positive initial performance, various market factors can influence actual listing prices. Investors should be prepared for potential volatility.
This evaluation is generated from Indo-MIM's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Indo-MIM IPO GMP today?
Indo-MIM IPO GMP today is +₹187.0 (38.56%), indicating an estimated listing price of ₹672. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Indo-MIM IPO?
The price band of Indo-MIM IPO is ₹461.0–₹485.0 per share.
When does Indo-MIM IPO open and close?
Indo-MIM IPO opens on 23 July 2026 and closes on 27 July 2026.
When does Indo-MIM IPO list on the stock exchange?
Indo-MIM IPO listed on 30 July 2026 at ₹672.0.
What is the lot size for Indo-MIM IPO?
The lot size for Indo-MIM IPO is 30 shares, requiring a minimum investment of ₹14,550.
What is the lot size for the Indo-MIM IPO?
The lot size for the Indo-MIM IPO is 30 shares.
What is the minimum investment required?
The minimum investment required is ₹14,550.
What is the price band for the IPO?
The price band for the IPO is ₹461 to ₹485.
When is the listing date for the IPO?
The listing date for the IPO is 30th July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of the stock on its listing day compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Jul 2026
Close
27 Jul 2026
Allotment
28 Jul 2026
Listing
30 Jul 2026
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